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[其他] Interesting article about Oil

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发表于 2009-1-13 18:58 | 显示全部楼层 |阅读模式
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1 c5 s& B3 m4 KBelow is an Interesting article I found, which says that.....Do not
1 t1 n; W8 T2 m9 Vexpect much from Crude Oil producers and future is not with the
( h7 t9 n: z: `! icompanies producing Jet fuels but Biofuels. Also no wonder if some of
2 z$ a) c# F5 i: h' N8 y( g6 Dthese oil producer will go bankrupt or out of the business even if 5 Z; Z+ L. }4 y4 w% [/ a7 V" a) h" }: x
crude prices improves. This implies also to good names such as Shell,
$ J: P- S3 V8 N$ e- `: k3 {2 {7 KEXXON, BG, BP, Cheveron ....xyz.. oils
4 s  d0 z1 N8 H3 L. q0 Z0 i1 H* U, A; z; M  A/ o+ A
Recently OPEC reduced crude oil production twice over just a few ' P6 ~% q5 w) }; G. V6 r
months. There are three wars going on in Gaza, Iraq and Afghandistan. ; n0 O" G3 o9 W! [( U3 |+ A
A year ago these things would have spiked the price of crude oil by at
- Q' R: |8 ?* \, _3 bleast $50.00 per barrel. Today, oil price declined by a record amount.
9 o* f" n4 G0 s  i5 s, F# U2 m" ~4 M
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There are several reasons the price of oil is decreasing in the face $ B! X9 ?  U, E6 V
of so much news. These reasons are:
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1. New oil has been found in Canada, Montana, North & South Dakota and
. e6 B2 @" b- Win the ocean near Brazil. Each of these oil fields has more oil than 3 Z* R* h( E' V5 H  D
Arabia. 4 l# X' C9 K1 O: n

! ~7 v; t  O/ A/ V9 F# Z
$ u' _4 a; i& ]) T2 Z2. New natural gas has been found in Pennsylvania and West Virginia.
3 L  c* [. r; W7 OThis is the largest find in North America.
9 e* n1 Q6 s  [4 [. W
# T8 k+ Z# z" x7 |2 |2 M' T
  @: A9 _: l2 f0 v7 K4 p. ^3. New methods of injecting CO2 and surfactants into oil wells is 4 h& V. W' g7 _
being used to double their output. & L7 @- _+ h: c2 a( Y/ D+ X
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" _3 B5 t- ?; E7 `) i$ T* d4 _
4. Production of bio-fuels is beginning to reach critical mass. Bio
1 I8 H2 j- P5 f$ |6 P" i; A/ Lfuel is being produced from many plants and algae. The production
( f' K# M2 n) i+ Q) ppotential per acre in some cases is astounding. Many countries are * g8 G+ n3 D3 G' K  C6 W
racing to produce bio fuels.
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5. Virtually every restaurant in the US and all food processing plants 4 t8 |6 n! i% T. o3 L7 P0 k& N5 ^
are now selling their used oil to bio-diesel producers. Every pork,
; a" Y4 V( S2 W; N3 X# Ocattle, turkey and chicken processing plant will soon sell their fat
! u+ l4 w3 b# n& @8 [( tto bio-diesel producers. One pork processing plant in Oklahoma is - y& Z" j* p* k: f
producing 30,000 gallons of bio-diesel per day from pork fat.
% b6 v! M) J/ n, E0 r
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6. There are 99 nuclear reactors in various stages of planning and 9 Z; {6 R7 b5 a1 p# x0 K
construction around the world at this time. Several hundred more are
0 n* g3 c% {4 n# J/ ]expected to be built in the future. Much of the energy they produce
/ z/ F5 w3 |7 P$ k% x2 Q5 bwill replace oil.
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9 g( Y' H8 x+ e+ z& d
3 J) ~8 [) g$ t# R. c7. Every company in any form of transportaion business is replacing 7 o; D* S. j1 s1 p
older equipment such as trucks, airplanes, train engines, ships, etc. % j6 l3 a7 Z2 x( I* |! A
with new more fuel efficient equipment. Airlines and railway companies ; d$ a  e" J& N# O) I+ T+ c
are experiencing 20% to 25% better fuel econony with the new
. l0 z" u  l3 x2 b* eequipment.
" L0 H7 m# [: Q0 x& s+ j
5 v& L0 _- u. Y& r5 T/ ^+ s
6 z  X3 V! q1 [" xAirlines are flying airplanes with bio-fuel. They are finding the bio- 6 }# g3 M+ C" o
fuel is cleaner and performs better than jet fuel.
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7 n5 a- J) G: K2 F8. Cities and counties throughout the US are selling the rights to
) F- k( \( R" m& {7 l% ~- D$ hcapture methane gas from landfills. This is a huge source of gas . t% O! p! R, e7 U# H
available at very little cost or risk. The gas is displacing crude
8 f( J3 |/ ^, K- ^4 Eoil.
. E! b; Y/ \% N+ J- Y2 z( I+ i) B- E

' X  O% g* S$ e5 h. J- I0 `# v" [, r; T3 z" Y9. Coal is being transformed into a clean burning liquid fuel. The CO2 + W- n1 h4 Z; b3 _' R6 j/ B9 z
produced as a byproduct is sold to oil companies for injection into ' l! j- Z/ Y5 W. ?; v* W
oil wells.
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; u5 E- y$ ~4 t5 w0 Y& y7 R
10. Solar, wind and ocean energy is displacing oil as an energy
4 O  G7 u' @4 o; {( \2 Osource. Three new wind turbines are being erected every day in the US.
5 s+ T8 y4 j% Y: q) E& N& H( }* n3 X' E
% p$ _; A  K8 v7 J, H+ {
Each of the above by itself will not make a large difference in the
" y, X9 ^5 G. A3 R0 `. lprice of crude oil but the sum of all of them together is world # y. y% u  t8 v3 h
changing. The important thing is that OPEC no longer has the ability 8 w* F; v1 v; d
to control oil prices.
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7 D( h4 E: x0 }! d: i; p' ~/ LWith the above scenario, I still believe that there are under
9 k- s  A' A! g9 U! sperformed OIL companies and probably they are yet to get the justified
/ j. k- ]$ b4 qvalue .....
( e7 x# U3 @/ F0 ^3 R# KIAE- Ithaca , EPL Energy Partners Ltd, Opti etc ...
) |, q: x. V/ Y% {: W% ]/ D+ [  D/ Z$ {, X/ U( B. D

8 q4 b$ z4 D5 z& c1 y( i- R- IThe above articles are from WSJ .............PUBLISHED ON 9TH JAN 6 J% s$ _* x( n; o+ X2 `3 |
2009 ... FYI-Only
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